Psigma IM buys AXA Framlington private client arm

Psigma Investment Management is to acquire the private client business of AXA Framlington in September.

Part of the Punter Southall Group, PIM has £1.5bn of assets under management.   It is buying the private client business, previously known as AXA Framlington Portfolio Management, a specialist division within the UK equity team at AXA Framlington. This division has £380m under management, spread across three portfolio managers - Rupert Hunter, Michael Firth and Jon Gould. These managers, together with their six support staff, will all join PIM.   John Howard-Smith, chief executive of Psigma Investment Management, said: "It is our strategic ambition to become one of the UK’s leading ...